Rwanda Economic Outlook

Real GDP growth in the first half of 2017 was an estimated 2.9%, down from 8.2% in the same period in 2016, due  to weak performance in services and industry. Services, which accounted for 46% of GDP, increased 6% in the first half of 2017, short of the 9% in the same period in 2016, due to contraction in trade and transport. Steady recovery in 2016 and higher commodity prices, particularly for coffee and tea, led to 5% growth in agriculture during the first half of 2017,  down from the 6% in the same period  in 2016. Agriculture accounted for 32% of GDP. Industry, which accounted for 15% of GDP, posted zero growth in the first six months of 2017, down from 10% in the second half of 2016, due mainly to completion of major construction projects and weak performance in mining and quarrying. Economic performance improved in the second half of 2017 and is projected to continue to do so in 2018, due to favorable weather conditions and higher commodity prices.

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Key Facts

Capital: Kigali
Area: 26,000 sq km
Total Population 2017: 12.2 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 9.0 Billion
GNI Per Capita 2015: US$ 700
Inflation Rate: 5.52%
Crude Birth Rate (per 1000): 29.90%
Human Development Index (rank / 188): 159
Human Development Index (scale 0 to 1): 0.498
Membership Date: 19/01/1965
Cumulative Approvals (1967-2016): UA 848.9 Million

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East Africa Regional Hub (RDGE)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya
Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, Director General

Rwanda Country Office

African Development Bank Group
Boulevard de l’Umuganda
Building Glory House, 3rd & 4th floors;
Kacyiru Road
P.O. Box 7329
Kigali, Rwanda

Phone: (+250) 252 504250
Fax: (+250) 252 504298

Ms Martha Phiri, Country Manager

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